Where do I enter adjusted cost basis (remodeling) for a rental sold in 2025 with 0 rental days?
I need guidance on where in TurboTax Desktop I can enter my adjusted cost basis for a rental property that I sold in 2025.
Here are the facts:
The property was a rental for many years and was fully depreciated in TurboTax.
The tenant moved out on 12/31/2024.
The property had 0 rental days in 2025 and 0 personal use days.
I never lived in the property.
I started remodeling on 1/1/2025 to prepare it for sale.
I sold the property in April 2025.
Because it was not rented or available for rent in 2025, I cannot enter remodeling costs as Schedule E expenses.
I understand the remodeling must be added to adjusted cost basis to reduce gain and depreciation recapture.
My problem: I cannot find where in TurboTax Desktop to enter the adjusted basis (original building cost + improvements – depreciation). TurboTax keeps looping me back to the Your Property Assets screen instead of showing an “Adjusted Basis” screen for the building asset.
I appreciate guidance to the exact path in TurboTax Desktop to enter the adjusted cost basis for a rental property that was sold but not rented in the year of sale?
Thank you.
